System and methods for computing to support decomposing property into separately valued components

• US 6,192,347 B1
• Filed: 08/14/1998
• Issued: 02/20/2001
• Est. Priority Date: 10/28/1992
• Status: Expired due to Term

• Current Assignee: Graff/Ross Holdings LLP
• Original Assignee: Graff/Ross Holdings LLP
• Inventors: Graff, Richard A.
• Primary Examiner(s): Trammell, James P.
• Assistant Examiner(s): ROSEN, NICHOLAS D
• Application Number:
  US09/134,451
• Time in Patent Office: 921 Days
• Field of Search: 705/4, 705/30, 705/31, 705/35, 705/36, 705/38
• US Class Current: 705/36.00R
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 40/10 Tax strategies
• CPC Class Codes: G06Q 40/123 Tax preparation or submission
• CPC Class Codes: Y02P 90/90 Financial instruments for climate change mitigation, e.g. environmental taxes, subsidies or financing

Abstract

A computer system, and methods for making and using it, for manipulating digital electrical signals to produce an illustration of a decomposition of property into separately valued components. The computer system includes a digital electrical computer controlled by a processor. There is a first logic means controlling the processor in manipulating digital electrical signals representing input data to the computer, the input data characterizing at least two components decomposed from the property, the manipulating including transforming the digital electrical signals into modified digital electrical signals representing respective values for each of the components, the values being computed to reflect taxation for the components. Input means is coupled to the computer and operable for converting the input data into the digital electrical signals and communicating the digital electrical signals to the computer. Output means is coupled to receive the modified digital electrical signals from the computer and to converting the modified digital electrical signals representing the respective values into an illustration of the computed respective prices. The property can be real estate or tax-exempt securities.

Claims

1. A method for making financial documentation having a computed market-based valuation for at least one component temporally decomposed from property, the method including:

controlling a digital electrical computer processor to manipulate electrical signals to make a document corresponding to one of at least two components temporally decomposed from property in separating term and remainder interests for the property and in accordance with terms in the document, and the document is made by steps including storing electrical signals representing some corresponding text in memory accessed by the computer and printing the document at a printer device operably connected to the computer; and

inserting a corresponding computed market-based valuation, including taxation, said term interest not consisting of a lease, on the document to make the financial documentation having the computed market-based valuation.

2. The method of claim 1, further including

controlling the digital electrical computer processor to manipulate electrical signals to make a second document corresponding to a second of the at least two components temporally decomposed from property in separating term and remainder interests, the second document being made by steps including storing electrical signals representing corresponding text in memory accessed by the computer and printing the document at a printer device operably connected to the computer; and inserting a corresponding computed market-based valuation, including taxation, on the second document to make the second financial documentation having the computed market-based valuation.

3. The method of claim 1, wherein the step of storing electrical signals representing some corresponding text in memory includes

creating a model document representation as one text file, the model document representation including an estate for years document.

4. The method of claim 1, wherein the step of storing electrical signals representing some corresponding text in memory includes

creating a model document representation as one text file, the model document representation including a remainder component document.

5. The method of claim 1, wherein the step of storing electrical signals representing some corresponding text in memory includes

creating a model document representation as one text file, the model document representation including a disclosure document for securities law purposes.

6. The method of claim 1, wherein the step of storing electrical signals representing some corresponding text in memory includes

creating a model document representation as one text file, the model document representation including a document necessary for securitizing the component.

7. The method of claim 1, wherein the step of controlling is carried out with the document being a document for the securitization of the at least one term interest.

8. The method of claim 7, wherein the term interest has a term, and further including a step of computing an amortization of the valuation over the term for tax purposes.

9. The method of claim 1, wherein the step of controlling is carried out with the document being an organizational document for an entity for the at least one term interest.

10. The method of claim 9, wherein the term interest has a term, and further including a step of computing an amortization of the valuation over the term for tax purposes.

11. The method of claim 2, wherein the step of controlling is carried out with the document and the second document corresponding respectively to a document for the at least one term interest as a limited liability component and to a document for the at least one remainder interest as a limited liability component.

12. The method of claim 11, wherein the step of controlling is carried out with the term interest having a term, and further including a step of computing an amortization of the valuation for the term interest over the term for tax purposes.

13. The method of claim 2, further including an entity for the at least one term interest component and a second entity for the at least one remainder interest;

and wherein the documents are organizational documents for the respective entities.

14. The method of claim 13, wherein the step of controlling is carried out with the term interest having a term, and further including a step of computing an amortization of the valuation for the term interest over the term for tax purposes.

15. The method of claim 2, wherein the step of controlling is carried out with the document and the second document corresponding to a respective component securitization.

16. The method of claim 1, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

17. The method of claim 2, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

18. The method of claim 7, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

19. The method of claim 8, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

20. The method of claim 9, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

21. The method of claim 10, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

22. The method of claim 11, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

23. The method of claim 12, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

24. The method of claim 13, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

25. The method of claim 14, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

26. The method of claim 15, wherein the step of controlling is carried out with the document being a document corresponding to an investment-grade fixed-income asset.

27. A method for making financial documentation having a computed market-based valuation for at least one component temporally decomposed from property by controlling a digital electrical computer processor to manipulate electrical signals to make a financial document corresponding to one of at least two components temporally decomposed from property in separating term and remainder interests for the property and in accordance with terms in the document, the financial document being made by steps including:

storing electrical signals representing some corresponding text in memory accessed by the computer and printing the financial document at a printer device operably connected to the computer and inserting a corresponding computed market-based valuation, including taxation, on the financial document to make the combined financial documentation having the computed market-based valuation as part of a financial analysis output, the method including the steps of;

receiving at least some of the financial analysis output as input to a second digital electrical computer having a programmed processor;

storing the at least some of the financial output in memory accessible to the programmed processor; and

generating a further document including the at least some of the financial output at an output device electrically connected to said second digital electrical computer.

28. A method for making financial documentation having a computed market-based valuation for at least one component from property, the financial documentation being made by steps including:

controlling a digital electrical computer processor to manipulate electrical signals computing a market-based valuation for the at least one component from property, wherein the property is from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities, the market-based valuation reflecting at least one from a group consisting of expected returns under performance scenarios, price, and quantitative descriptions of risk, as part of a financial analysis output;

electronically communicating at least some of the financial analysis output as input to a second digital electrical computer having a programmed processor, the second digital electrical computer storing the at least some of the financial output in memory accessible to the programmed processor and storing electrical signals representing some corresponding text in memory accessed by the second digital electrical computer;

generating a second market-based valuation reflecting computation of a current market-based yield/discount rate for the component; and

generating a document including the second market-based valuation and the stored text at an output device electrically connected to said second digital electrical computer.

29. A method for making financial documentation having a computed market-based valuation for at least one component from property, the financial documentation being made by steps including:

controlling a digital electrical computer processor to manipulate electrical signals computing a market-based valuation for the at least one component from property not including any securities, the market-based valuation reflecting at least one from a group consisting of expected returns under performance scenarios, price, and quantitative descriptions of risk, as part of a financial analysis output;

electronically communicating at least some of the financial analysis output as input to a second digital electrical computer having a programmed processor, the second digital electrical computer storing the at least some of the financial output in memory accessible to the programmed processor and storing electrical signals representing some corresponding text in memory accessed by the second digital electrical computer;

generating a second market-based valuation for the component; and

generating a document including the second market-based valuation and the stored text at an output device electrically connected to said second digital electrical computer.

30. A method for making financial documentation having a computed market-based valuation for at least one component from property, the financial documentation being made by steps including:

controlling a digital electrical computer processor to manipulate electrical signals computing a market-based valuation for the at least one component from property, wherein the property is from a group consisting of a fixed-income asset and a portfolio of fixed-income assets, the market-based valuation reflecting at least one from a group consisting of expected returns under performance scenarios, price, and quantitative descriptions of risk, as part of a financial analysis output;

electronically communicating at least some of the financial analysis output as input to a second digital electrical computer having a programmed processor, the second digital electrical computer storing the at least some of the financial analysis output in memory accessible to the programmed processor and storing electrical signals representing some corresponding text in memory accessed by the second digital electrical computer;

generating a second market-based valuation reflecting computation of a current market-based yield/discount rate for the component; and

generating a document including the second market-based valuation and the stored text at an output device electrically connected to said second digital electrical computer.

31. The method of claim 30, wherein the step of controlling includes controlling the digital electrical computer processor to manipulate the electrical signals generating the market-based valuation for at least one security for corporate debt as the component.

32. A method for making financial documentation having a computed market-based valuation for at least one component from property, the financial documentation being made by steps including:

controlling a digital electrical computer processor to manipulate electrical signals computing a market-based valuation for the at least one component from property, wherein the property is a fixed-income asset, the market-based valuation reflecting at least one from a group consisting of expected returns under performance scenarios, price, and quantitative descriptions of risk, as part of a financial analysis output;

electronically communicating at least some of the financial analysis output as input to a second digital electrical computer having a programmed processor, the second digital electrical computer storing the at least some of the financial analysis output in memory accessible to the programmed processor and storing electrical signals representing some corresponding text in memory accessed by the second digital electrical computer;

generating a second market-based valuation reflecting computation of a current market-based yield/discount rate for the component; and

generating a document including the second market-based valuation and the stored text at an output device electrically connected to said second digital electrical computer.

33. The method of claim 32, wherein the step of controlling includes controlling the digital electrical computer processor to manipulate the electrical signals generating the market-based valuation for corporate debt as the fixed-income asset.

34. A method for generating financial analysis output having a computed market-based valuation for at least one component temporally decomposed from property, the method including:

converting input data, representing one of at least two components temporally decomposed from property, the components including at least one estate for years interest and at at least one remainder interest, said estate for years not consisting of a lease, into input digital electrical signals representing the input data;

providing a digital electrical computer controlled by a processor electrically connected to receive said input digital electrical signals and electrically connected to an output means; and

controlling the digital electrical computer processor to manipulate said input digital electrical signals to generate a market-based valuation, including taxation, in generating the financial analysis output at said output means.

35. The method of claim 34, wherein the controlling is carried out using the estate for years interest in the step of generating the financial analysis output.

36. The method of claim 34, wherein the controlling is carried out using the remainder interest in the step of generating the financial analysis output.

37. The method of claim 34, further including the step of using the market-based valuation in subsequent processing including generating an insurance premium.

38. The method of claim 34, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output in carrying out securities law compliance.

39. The method of claim 34, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output in carrying out securities law compliance for the at least one estate for years interest.

40. The method of claim 34, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output in carrying out securities law compliance for the at least one remainder interest.

41. The method of claim 34, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output corresponding to an investment-grade fixed-income asset.

42. The method of claim 34, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output corresponding to a ratable fixed-income asset.

43. The method of claim 34, wherein the estate for years interest has a term, and further including a step of computing an amortization of the valuation over the term for tax purposes.

44. The method of claim 34, wherein the step of controlling is carried out with the property corresponding to real estate.

45. The method of claim 35, wherein the step of controlling is carried out with the property corresponding to real estate.

46. The method of claim 36, wherein the step of controlling is carried out with the property corresponding to real estate.

47. The method of claim 37, wherein the step of controlling is carried out with the property corresponding to real estate.

48. The method of claim 38, wherein the step of controlling is carried out with the property corresponding to real estate.

49. The method of claim 39, wherein the step of controlling is carried out with the property corresponding to real estate.

50. The method of claim 40, wherein the step of controlling is carried out with the property corresponding to real estate.

51. The method of claim 41, wherein the step of controlling is carried out with the property corresponding to real estate.

52. The method of claim 42, wherein the step of controlling is carried out with the property corresponding to real estate.

53. The method of claim 43, wherein the step of controlling is carried out with the property corresponding to real estate.

54. The method of claim 34, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

55. The method of claim 35, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

56. The method of claim 36, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

57. The method of claim 37, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

58. The method of claim 38, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

59. The method of claim 39, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

60. The method of claim 40, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

61. The method of claim 41, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

62. The method of claim 42, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

63. The method of claim 43, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

64. The method of claim 34, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

65. The method of claim 35, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

66. The method of claim 36, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

67. The method of claim 37, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

68. The method of claim 38, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

69. The method of claim 39, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

70. The method of claim 40, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

71. The method of claim 41, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

72. The method of claim 42, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

73. The method of claim 43, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

74. A method for making financial analysis output responsive to a market-based valuation for at least one component temporally decomposed from property, the method including:

converting input data, representing a market-based valuation of one of at least two components temporally decomposed from property, the components including an estate for years interest and a remainder interest, said estate for years not consisting of a lease, the valuation including taxation, into input digital electrical signals representing the input data at an input means;

providing a digital electrical computer controlled by a processor electrically connected to receive said input digital electrical signals and electrically connected to an output means; and

controlling the processor to manipulate said input digital electrical signals in generating financial analysis output at said output means, said financial analysis output forming input for further financial analysis output including a tax schedule.

75. The method of claim 74, wherein the controlling is carried out using the estate for years interest in the step of generating the financial analysis output.

76. The method of claim 74, wherein the controlling is carried out using the remainder interest in the step of generating the financial analysis output.

77. The method of claim 74, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output corresponding to an investment-grade fixed-income asset.

78. The method of claim 74, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output corresponding to a ratable fixed-income asset.

79. The method of claim 74, wherein the step of controlling is carried out with the property corresponding to real estate.

80. The method of claim 75, wherein the step of controlling is carried out with the property corresponding to real estate.

81. The method of claim 76, wherein the step of controlling is carried out with the property corresponding to real estate.

82. The method of claim 77, wherein the step of controlling is carried out with the property corresponding to real estate.

83. The method of claim 78, wherein the step of controlling is carried out with the property corresponding to real estate.

84. The method of claim 74, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

85. The method of claim 75, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

86. The method of claim 76, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

87. The method of claim 77, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

88. The method of claim 78, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

89. The method of claim 74, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

90. The method of claim 75, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

91. The method of claim 76, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

92. The method of claim 77, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

93. The method of claim 78, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

94. A method for making further financial analysis output, the method including the steps of:

computing a market-based valuation for at least one component temporally decomposed from property by controlling a digital electrical computer processor to manipulate electrical signals in generating financial analysis output in separating estate for years and remainder interests for the property, said estate for years not consisting of a lease, the computed market-based valuation including taxation;

receiving at least some of the financial analysis output as input to a second digital electrical computer having a programmed processor; and

generating further financial analysis output at an output means electrically connected to said second digital electrical computer.

95. A method for making financial analysis output having a computed market-based valuation for at least one component from property, the financial analysis output being made by steps including:

controlling a digital electrical computer processor to manipulate electrical signals generating a market-based valuation for the at least one component from property, wherein the property is from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities, the market-based valuation reflecting at least one from a group consisting of expected returns under a performance scenario, a price, and a quantitative description of risk, as part of a financial analysis output;

electronically communicating at least some of the financial analysis output as input to a second digital electrical computer having a second programmed processor, the second digital electrical computer storing the at least some of the financial analysis output in memory accessible to the second programmed processor;

second generating a second market-based valuation reflecting computation of a current market-based yield/discount rate for the component; and

second generating a second financial analysis output, including the second market-based valuation, at an output means electrically connected to said second digital electrical computer.

96. A method for making financial analysis output including a computed market-based valuation for at least one component from property, the method including the steps of:

controlling a digital electrical computer processor to manipulate electrical signals generating a market-based valuation for the at least one component from property not including any securities, the market-based valuation reflecting at least one from a group consisting of expected returns under a performance scenario, a price, and a quantitative description of risk, as part of a financial analysis output;

electronically communicating at least some of the financial analysis output as input to a second digital electrical computer having a programmed processor, the second digital electrical computer storing the at least some of the financial analysis output in memory accessible to the programmed processor corresponding to the second digital electrical computer;

second generating a second market-based valuation for the component; and

second generating financial analysis output, including the second market-based valuation, at an output device electrically connected to said second digital electrical computer.

97. A method for making financial analysis output having a computed market-based valuation for at least one component from property, the financial analysis output being made by steps including:

controlling a digital electrical computer processor to manipulate electrical signals generating a market-based valuation for the at least one component from property, wherein the property is from a group consisting of a fixed-income asset and a portfolio of fixed-income assets, the market-based valuation reflecting at least one from a group consisting of expected returns under a performance scenario, a price, and a quantitative description of risk, as part of a financial analysis output;

electronically communicating at least some of the financial analysis output as input to a second digital electrical computer having a second programmed processor, the second digital electrical computer storing the at least some of the financial analysis output in memory accessible to the second programmed processor;

second generating a second market-based valuation reflecting computation of a current market-based yield/discount rate for the component; and

second generating a second financial analysis output, including the second market-based valuation, at an output means electrically connected to said second digital electrical computer.

98. The method of claim 97, wherein the step of controlling includes controlling the digital electrical computer processor to manipulate the electrical signals generating the market-based valuation for at least one security for corporate debt as the component.

99. A method for making financial analysis output having a computed market-based valuation for at least one component from property, the financial analysis output being made by steps including:

controlling a digital electrical computer processor to manipulate electrical signals generating a market-based valuation for the at least one component from property wherein the property is a fixed-income asset, the market-based valuation reflecting at least one from a group consisting of expected returns under a performance scenario, a price, and a quantitative description of risk, as part of a financial analysis output;

electronically communicating at least some of the financial analysis output as input to a second digital electrical computer having a second programmed processor, the second digital electrical computer storing the at least some of the financial analysis output in memory accessible to the second programmed processor;

second generating a second market-based valuation reflecting computation of a current market-based yield/discount rate for the component; and

second generating a second financial analysis output, including the second market-based valuation, at an output means electrically connected to said second digital electrical computer.

100. The method of claim 99, wherein the step of controlling includes controlling the digital electrical computer processor to manipulate the electrical signals generating the market-based valuation for corporate debt as the fixed-income asset.

101. A method for making financial analysis output having a system-determined purchase price for at least one component from property in consummating a sale, the financial analysis output being made by steps including:

converting input data, representing at least one component from property, wherein the property is a fixed-income asset, into input digital electrical signals representing the input data;

providing a digital electrical computer system controlled by a processor electrically connected to receive said input digital electrical signals and electrically connected to an output means;

controlling a digital electrical computer processor to manipulate electrical signals to compute a system-determined purchase price for the at least one component from property in consummating a sale and corresponding purchase of the component; and

generating the financial analysis output at said output means.

102. The method of claim 101, wherein the step of controlling includes controlling the digital electrical computer processor to manipulate the electrical signals generating the system-determined purchase price for corporate debt as the fixed-income asset.

103. A method for making financial analysis output having a system-determined purchase price for at least one component from property in consummating a sale, the financial analysis output being made by steps including:

converting input data, representing at least one component from property, wherein the property includes a tax-exempt security, into input digital electrical signals representing the input data;

providing a digital electrical computer system controlled by a processor electrically connected to receive said input digital electrical signals and electrically connected to an output means;

controlling a digital electrical computer processor to manipulate electrical signals to compute a system-determined purchase price for the at least one component from property in consummating a sale and corresponding purchase of the component; and

generating the financial analysis output at said output means.

104. A method for generating financial analysis output having a computed market-based valuation for each of two of at least two components temporally decomposed from property, the method including:

converting input data, representing two of at least two components temporally decomposed from property, the components including an estate for years interest and a remainder interest, said estate for years not consisting of a lease, into input digital electrical signals representing the input data;

providing a digital electrical computer controlled by a processor electrically connected to receive said input digital electrical signals and electrically connected to an output means; and

controlling the digital electrical computer processor to manipulate said input digital electrical signals to generate a respective market-based valuation in generating the financial analysis output at said output means.

105. The method of claim 104, further including the step of using the market-based valuation in subsequent processing including generating an insurance premium.

106. The method of claim 104, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output in carrying out securities law compliance.

107. The method of claim 104, wherein the estate for years interest has a term, and further including a step of computing an amortization of the valuation over the term for tax purposes.

108. The method of claim 104, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output corresponding to an investment-grade fixed-income asset.

109. The method of claim 104, wherein the step of generating the financial analysis output at said output means includes generating the financial analysis output corresponding to a ratable fixed-income asset.

110. The method of claim 104, wherein the step of controlling is carried out with the property corresponding to real estate.

111. The method of claim 105, wherein the step of controlling is carried out with the property corresponding to real estate.

112. The method of claim 106, wherein the step of controlling is carried out with the property corresponding to real estate.

113. The method of claim 107, wherein the step of controlling is carried out with the property corresponding to real estate.

114. The method of claim 108, wherein the step of controlling is carried out with the property corresponding to real estate.

115. The method of claim 109, wherein the step of controlling is carried out with the property corresponding to real estate.

116. The method of claim 104, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

117. The method of claim 105, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

118. The method of claim 106, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

119. The method of claim 107, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

120. The method of claim 108, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

121. The method of claim 109, wherein the step of controlling is carried out with the property corresponding to tangible personal property.

122. The method of claim 104, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

123. The method of claim 105, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

124. The method of claim 106, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

125. The method of claim 107, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

126. The method of claim 108, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

127. The method of claim 109, wherein the step of controlling is carried out with the property corresponding to one from a group consisting of a tax-exempt security and a portfolio of tax-exempt securities.

128. A method for making financial analysis output having a system-determined purchase price for at least one component from property in consummating a sale through a financial exchange, the financial analysis output being made by steps including:

converting input data, representing at least one component from property not including any securities, into input digital electrical signals representing the input data;

providing a digital electrical computer system controlled by a processor electrically connected to receive said input digital electrical signals and electrically connected to an output means;

controlling a digital electrical computer processor to manipulate electrical signals to compute a system-determined purchase price for the at least one component from property in consummating a sale and corresponding purchase of the component; and

generating the financial analysis output at said output means.